543 Mill St Council Bluffs, IA 51503
- Apartment buildings
- 1,286 SF
- 0.12 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 543 Mill St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.12 lot acres
- Property size
- 1,286 SF
- Zone code
- R-3
- Property type
- Apartment buildings
- APN
- 7544 25 383 005
- APU
- 754425383005
Description
This exceptional Class A, stabilized multifamily investment property located at 543 Mill St, Council Bluffs, IA 51503, presents a compelling opportunity. The property, a two-story building, comprises six units, each boasting a recently renovated interior. The complete renovation in 2024 included brand new electrical, plumbing, and HVAC systems, ensuring minimal maintenance and long-term cost efficiency. The 100% occupancy rate speaks to the desirability of the units, which are designed to appeal to discerning tenants. A new water line has been installed, eliminating potential future infrastructure concerns. The property also features coin-operated laundry facilities, adding convenience for residents and generating additional income. Situated in a prime downtown location, this investment aligns perfectly with Council Bluffs' ongoing growth and development. The asking price is $490,000, representing a price per unit of $81,666.67. This represents a strong value proposition for investors seeking a hassle-free, high-return investment in a thriving Iowa market. The property's modern amenities and strategic location promise consistent rental income and significant equity potential. This is a turnkey opportunity not to be missed.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Council Bluffs
- County
- Pottawattamie
- State
- Iowa
- Longitude
- -95.8508
- Latitude
- 41.2636
- CBSA code
- 36540
- CBSA name
- OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
